Torrent Pharma Allots 4.19 Cr Shares in J B Chemicals Merger

Torrent Pharmaceuticals Ltd. has announced the allotment of 4,19,22,416 fully paid-up equity shares to the eligible shareholders of J. B. Chemicals & Pharmaceuticals Ltd. This allotment is a consequence of the Scheme of Amalgamation between the two companies, sanctioned by the National Company Law Tribunal (NCLT). The record date for this allotment was July 17, 2026. The share exchange ratio was 51 Torrent Pharma shares for every 100 J. B. Chemicals shares. This corporate action will increase Torrent Pharma's issued and paid-up equity share capital from ₹1,69,22,27,200 to ₹1,90,18,39,280. The newly allotted shares will rank pari passu with existing shares.